Miniso Group Holding Ltd Stock Price, News & Analysis

MINISO Group has authorized a $200 million share repurchase program effective until September 21, 2022. The program aims to buy back its Class A ordinary shares and American depositary shares using surplus cash. Repurchases will occur through market transactions, block trades, or other legal means, depending on market conditions. The board will periodically review and adjust the program's terms. This initiative reflects the company's strategy to enhance shareholder value by optimizing its capital structure.

MINISO has reported a successful year in Italy, having opened 10 stores since April 2021, including a flagship outlet in Vulcano Buono Centre. The retailer plans to launch 4 more locations this year and expand to Milan in 2022. The brand attributes its success to effective localization strategies, collaborating with local influencers, leading to a tripling of sales in Italy. As of November 30, MINISO operates 169 stores across Europe, having rapidly expanded to 4,871 stores worldwide by September 30, 2021.

MINISO has expanded its retail presence in the U.S. by opening six new stores on November 27, 2021, under its '$10 N' Under' concept, predominantly along the east coast. The new stores are located in Delaware, Virginia, New Jersey, New York, and Texas, offering products priced at or below $10. The flagship store in Flushing is set to open next year, complementing a pop-up in SoHo, New York City. This initiative aims to enhance MINISO's understanding of local consumer preferences and expectations.

MINISO, a lifestyle retailer, is collaborating with Peruvian NGO ECOAN to support reforestation in the Andes through the Acción Andina initiative. Starting November 13, for each Penpen plush toy sold, MINISO will donate $1.33 to the cause. The first 115,000 buyers will receive donor certifications. The initiative aims to raise awareness of climate change, particularly its impact on the Adélie penguin, whose population has decreased over 65% in the Antarctic Peninsula. The campaign aligns with MINISO's rapid expansion in the Americas, including significant growth in the U.S. and Mexico.

MINISO Group Holding Limited (NYSE: MNSO) reported its unaudited financial results for Q1 FY2022, ending September 30, 2021. Revenue reached RMB2,654.1 million (US$411.9 million), up 28.1% year-over-year, surpassing guidance. Gross profit was RMB728.4 million (US$113.1 million), a 39.4% increase, resulting in a gross margin of 27.4%. Operating profit stood at RMB213.5 million (US$33.1 million), recovering from a loss in Q1 FY2021. Despite pandemic impacts, the company added 122 MINISO stores, totaling 4,871. Adjusted net profit surged 80.3% to RMB184.2 million (US$28.6 million).

MINISO Group (NYSE: MNSO) will announce its financial results for the September quarter of 2021 on November 18, 2021, before the U.S. market opens. An earnings conference call is scheduled for 7:00 A.M. ET on the same day, with access available through Zoom or by phone. MINISO, a global value retailer known for its design-led lifestyle products, has experienced rapid growth since its first store opened in China in 2013. The company focuses on quality, affordability, and a unique shopping experience.

Carmila reported strong leasing activity with 763 leases signed in the first nine months of 2021, marking increases of 34% from 2019 and 105% from 2020. Rent collection improved to 90.1% in Q3 2021, a 12-point rise year-on-year. Despite a 9.1% decline in net rental income compared to 2020, the company maintains stable recurring earnings per share expectations for 2021. A new €810 million revolving credit facility aims to bolster financial structure. S&P upgraded the company's outlook to stable and confirmed its BBB rating. A share buyback program commenced in September 2021.

MINISO has launched its new '$10 N' Under' concept in the US, with four retail outlets opening on October 2, 2021. The stores, located in California and Virginia, focus on affordable items priced under $10, responding to strong consumer demand. This initiative marks a significant shift in MINISO's supply chain strategy for North America, aimed at ensuring a consistent supply of affordable products. With a total of 38 stores in the US, MINISO continues its expansion since entering the market in 2017.

Lifestyle product retailer MINISO (NYSE: MNSO) has opened seven new stores in India during September 2021, bringing its total to over 150 locations. New stores are situated in Kolkata, Vellore, New Delhi, Pasighat, Gandhidham, and Sikar. Despite pandemic challenges, MINISO aims to become a leading lifestyle brand in India, optimizing its online and offline retail strategies to maintain stable pricing and supply chains. The company has opened more than 20 new stores in India since early 2020, showcasing resilience and commitment to both local customers and its brand growth.